“If we travel at all, it won’t be here”
Many Canadians are rethinking their plans to return to Florida, with some even considering putting their properties on the market.
"I’ve lived here six months. This is my home, but I’m leaving April 2," said Susan, a Canadian speaking with Gulf Coast News. She was not comfortable sharing her last name for fear of becoming a target amid the growing political divide between the U.S. and Canada.
For the Presement family — regular winter residents in Fort Myers — the political landscape has left them regretting their decision to visit Florida. “The truth of the matter is if I hadn't prepaid everything and wasn't here and your weather wasn’t so damn nice. I'd go home now,” Barry Presement told Gulf Coast News. He and his wife Ruth have no plans to return next winter. "If we travel at all, it won’t be here," Ruth said. "For sure, it won’t be here. We’ll go elsewhere."
Their son Brian had even considered retiring in Southwest Florida, but now says Mexico is looking like a better option. "We thought about buying a home in Florida, but now we might reconsider that," he said.
Local businesses are probably going to feel the strain of Canadians avoiding the U.S.
“It's not only having a negative impact on the tourism market, but business as a whole,” said Cole Peacock, owner of cannabis cafe & CBD marketplace Seed and Bean, to Gulf Coast News. “You need those extra visits to kick that profit margins to another level.”
"Not only have Canadians been electing to divest from their vacation homes and investment properties in Florida, they have also been canceling their trips to the area which is having a negative impact on our vacation rental market," Robert Washington of Savvy Buyers Realty told Realtor.com. "We have heard from several of our vacation rental property owners that they have experienced multiple cancellations from Canadian guests due to the tariff battle. Hopefully the tariff situation is resolved soon, or it could have a lasting impact on our tourism industry."
Unexpected vet bills don’t have to break the bank
Spot Pet Insurance offers coverage for treatment of accidents, illnesses, prescriptions drugs, emergency care and more.
Plus, their preventative care plan covers things like routine check-ups, microchip implantation, and vaccinations, if you want to give your pet the all-star treatment while you protect your bank account.
Get A QuoteWhat can Americans expect with Canadians fleeing their country and the levied tariffs?
While it has been documented how Trump's tariffs would impact the Canadian economy, the pain will be equally felt by Americans as Canada imposes its own tariffs and residents retaliate through economic boycotts.
The U.S. Travel Association has said Florida is among the top five most visited states by Canadians and it “could see declines in retail and hospitality revenue, as shopping is the top leisure activity for Canadian visitors.”
In addition to losing economic opportunities afforded by Canadian visitors, Florida businesses and consumers are also facing another blow, the implementation of tariffs on imports from Canada and the rest of the world.
These tariffs are set to raise the costs of imported goods, raw materials and even locally produced items that rely on imported components.
The Federal Reserve Bank of Atlanta found that an additional 10% tariff on Chinese imports (that number has now shockingly risen to 125%), 25% tariffs on Canadian and Mexican imports, and 10% tariffs on other countries could raise consumer prices on everyday retail purchases such as food and beverage items, as well as general merchandise — covering about a quarter of the total consumption basket — by 0.81% to 1.63%, assuming the costs are fully passed to the consumer.
Americans react to Canadians exiting Florida
In a story published on Moneywise many Americans, especially Floridians, have been reacting to the news of Canadians leaving Florida and expressing a sense of relief:
Some were excited at the prospect of the housing market opening up due to Canadians selling their properties:
One commenter warned that this exodus is most likely temporary:
While others were more sympathetic to Canadians and the trade war waged against their country:
Sources
1. Gulf Coast News: Canadians exiting Florida and businesses feeling the exodus, by Dave Elias (Apr 8, 2025)
2. CNN: Canada’s snowbirds reconsider calling the US their second home, by Samantha Delouya (Mar 30, 2025)
3. CBC: London, Ont., snowbirds among Canadians saying so long to Sunshine State over Trump's threats, by Matthew Trevithick (Mar 13, 2025)
4. Realtor: Canadian snowbirds are canceling their Florida trips and offloading properties amid tariff war, by Julie Gerstein (Mar 18, 2025)
5. U.S. Travel Association: Potential results of decline in Canadian travel to United States (Feb 3, 2025)
6. Federal Reserve Bank of Atlanta: Tariffs and Consumer Prices: Insights from newly matched consumption-trade micro data (Feb 2025)
Trade Smarter, Today
Build your own investment portfolio with the CIBC Investor's Edge online and mobile trading platform and enjoy low commissions. Get started today!